🚨 Breaking News in Crypto! 🚨

The U.S. Department of Justice has charged over a dozen individuals and entities, including Gotbit, CLS Global, MyTrade, and ZM Quant, for allegedly engaging in wash trading and defrauding investors. This crackdown highlights ongoing concerns about market manipulation in the crypto space.

Why it matters:

- Wash trading can mislead investors by creating fake trading volume.

- The FBI even created a fake token, NexFundAI, to investigate these practices.

What are your thoughts on this crackdown? Drop a comment below! 💬

#CryptoNews #Blockchain #DOJ